It's apparently been especially sluggish this past year. According to Strategy Analytics' latest report, global shipments grew by 10 percent from Q3 2014 (323.4 million units) to Q3 2015 (354.2 million). However, 10 percent is tiny compared to previous quarters, making this the slowest growth rate within the past six years since the global recession in 2009.
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I think most people are still fine with their older smartphones, and are mainly buying replacements to replace their broken and aging smartphones.
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I think most people are still fine with their older smartphones, and are mainly buying replacements to replace their broken and aging smartphones.